Advanced Mobile Money Fraud Detection Using CNN-BiLSTM and Optimized SGD with Momentum

The accelerated adoption of mobile money systems has significantly increased fraudulent activity, compromising their security and trustworthiness. This research presents an enhanced method for detecting mobile money fraud by modifying a CNN-BiLSTM model with momentum using Stochastic Gradient Descent (SGD). We computed salient features from transaction data using a pre-processed hybrid CNN-BiLSTM model and trained the model to identify trends in the data that included geographical and temporal aspects. The model performed remarkably using industry-standard testing approaches: an F1 score of 0.9928, precision of 0.9927, accuracy of 0.9928, and recall of 0.9929. The proposed model can identify dishonesty and has a low false positive rate. According to the study, the model improves feature selection and incorporates various optimization techniques, making it more flexible and suitable for different mobile money systems.

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Publication Details

Journal
AJIT-e Academic Journal of Information Technology
Published
2025-08-31
DOI
https://doi.org/10.5824/ajite.2025.03.002.x
Primary Topic
Imbalanced Data Classification Techniques
Type
article
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article

Advanced Mobile Money Fraud Detection Using CNN-BiLSTM and Optimized SGD with Momentum

Rose-Mary Owusuaa Mensah Gyening, Kate Takyi, Samuelson Israel Boadu-acheampong, Niamatu Yussif
AJIT-e Academic Journal of Information Technology
Imbalanced Data Classification Techniques
article

Advanced Mobile Money Fraud Detection Using CNN-BiLSTM and Optimized SGD with Momentum

Rose-Mary Owusuaa Mensah Gyening, Kate Takyi, Samuelson Israel Boadu-acheampong, Niamatu Yussif
article en

Abstract

The accelerated adoption of mobile money systems has significantly increased fraudulent activity, compromising their security and trustworthiness. This research presents an enhanced method for detecting mobile money fraud by modifying a CNN-BiLSTM model with momentum using Stochastic Gradient Descent (SGD). We computed salient features from transaction data using a pre-processed hybrid CNN-BiLSTM model and trained the model to identify trends in the data that included geographical and temporal aspects. The model performed remarkably using industry-standard testing approaches: an F1 score of 0.9928, precision of 0.9927, accuracy of 0.9928, and recall of 0.9929. The proposed model can identify dishonesty and has a low false positive rate. According to the study, the model improves feature selection and incorporates various optimization techniques, making it more flexible and suitable for different mobile money systems.

AJIT-e Academic Journal of Information TechnologyVol. 16(3)
Kwame Nkrumah University of Science and Technology (GH), Kwame Nkrumah University (ZM)
Openalex Percentile: Top 88%
Imbalanced Data Classification Techniques
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Advanced Mobile Money Fraud Detection Using CNN-BiLSTM and Optimized SGD with Momentum — Rose-Mary Owusuaa Mensah Gyening, Kate Takyi, et al. · AJIT-e Academic Journal of Information Technology (2025) | TGRS Research Map | TGRS